1809 Cooks Hill RdCentralia, WA 98531

  • Office buildings
  • 3,519 SF
For Sale
$799,900 View listing

Property Details for 1809 Cooks Hill Rd

Year built
1988
Construction
WOOD
Lot size
0.25 AC
Property size (Sq ft)
3,519 SF
Property type
Office buildings
APN
874013000
APU
874013000

Description

This exceptional 4655 square foot commercial building, situated at 1809 Cooks Hill Rd. in Centralia, WA, presents a unique investment opportunity. Currently configured to suit medical practices, the property boasts a welcoming reception area and ample space for various uses. The main level features six offices or exam rooms, a conference room, three bathrooms (two with showers), and a convenient laundry facility with extensive storage. A lower level adds to the substantial square footage. Beyond the functional spaces, the property includes a luxurious in-ground pool equipped with a lift, enhancing its appeal and potential for diverse applications. The upper level provides six additional rooms and a full bathroom with a shower, along with another conference room, offering flexibility for expansion or adaptation. The building is further enhanced by a newer roof and updated windows, minimizing maintenance concerns. This property sits on a zero-acre lot and is priced at $799,900. Its prime location in the heart of Centralia's medical facilities makes it an ideal acquisition for established businesses seeking expansion or entrepreneurs looking to establish a new venture. The versatile layout and high-quality features make this a truly remarkable opportunity in a thriving community. The property's potential extends beyond medical uses, offering significant possibilities for a wide range of commercial endeavors.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $952,250
    6.5%
    $879,000
    7%
    $816,214
  • Comparable approach

    Method
    Valuation
    Relative Method
    $943,669
    Geo Method
    $677,689
  • Alternative Use

    Use
    Valuation
    Residential
    $1,089,960
    Hospitality
    $998,398
    Educational
    $830,655
    Medical
    $859,223
    Retail
    $1,292,130

Location Insight

City
Centralia
County
Lewis
State
Washington
Latitude
46.7142
Longitude
-122.984
CBSA code
16500
CBSA name
CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,313
$152,500
$495,400
$647,900
-
$152,500
$495,400
$647,900

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